Wealth is Not Just About Economics

Get Results: total life wealth
Get Results: total life wealth

When discussing WEALTH, most people focus on the economic aspects of wealth. But ECONOMICS is only a small part of overall LIFE WEALTH. Life wealth covers all aspects of life, including, economic, physical/health, psychological and social areas.

Social wealth

This is about the RELATIONSHIP CONNECTIONS that you form, and can include good and bad.  Relationships with family, friends, colleagues, bosses, subordinates, even strangers. Think about the positive relationships you establish and the negative ones. Increasing well-being, means deepening the positive relationships and ditching the negative ones. Align your energy with those that feel good, and positive. Having a good social SUPPORT NETWORK, and personal BONDING is a fundamental need for the human species.

How do you know if a relationship is positive? Ask yourself honestly, if you feel a greater sense of your BEING, an expanded version of yourself. You are MORE, in the company of a particular other person. You can be true to yourself, and the relationship JUST WORKS. There are no downsides. You accept the other people for  who they are, and they accept you. If it’s a case of they are great when not [blank], then consider how often they are [blank], is this a price worth paying. The blank could be drunk, angry, on drugs or a myriad of other things.

You have to take the person as a whole, their good aspects and bad aspects. Don’t try to mould people to fit what you want, let them be who they are. If it works on that basis, great. If not, move on, life is really too short.

Physical Health wealth

It doesn’t matter how economically wealthy you are, without good physical health, you just can’t enjoy the fruits of wealth to the same degree. Health is so much more of a blessing than money could ever be.

We tend to neglect physical health, taking it for granted until it is taken away from us. On the flip side, enjoying good health, makes everything else more enjoyable.

Now I’m not saying you can’t have a good life without good health, because you can. You have to make the best of the hand life deals you. Some of the most extraordinary people in the world today, suffer from bad health and illness, but through the frailty of their form, shines through the light of their spirit. They can be an inspiration for others.

The point I’m trying to make is, don’t take your health for granting, look after it, and appreciate it.

Psychological wealth

Psychological wealth, includes intellectual and emotional aspects of personality. Emotions are triggered by our thoughts, which also have a bearing on most everything we do, including our social connections and how we treat our health.

Our thoughts are what shape our beliefs and values, which in turn affect our perceptions and interpretations about life and everything in it. What you focus your thoughts on, beccomes your reality. Therefore the quality of your thoughts, determines the quality of your life. Check out our wellbeing guide for more information.

Mental health is getting more attention today, than it has ever has before. It is a really big issue. Life today seems to be too much for some people to cope, overwhelmed by their perception of the complexities of modern life, the rapid rate of change, seeming lack of security, consistency, and stability economically and politically. People locked in EGOIC STRIVING for more and need for growth, are put under tremendous social pressure to achieve success, or be labelled a failure. Interpreting a breakdown in the sense of community, lack of emotional support and parental bonding can also impact negatively on psychological wealth.

On the positive side, having a positive mental attitude, the freedom to be yourself, to be true to who you are, the courage to follow your dreams, a positive self image, acceptance of the good and bad of what makes you, you, can have a major positive impact on your psychological wealth.

Economic wealth

So let’s give it some attention, economic wealth, is what most, or at least, a lot of people are fixated with. Wanting more is a structural part of the Ego, where WANTING is often more important than HAVING.

Having the burden of debt or liabilities has a negative impact on you, while having savings and assets, a positive one.

Pulling it all together

Like a balance sheet, positive aspects are weighed against the negative aspects of each of the wealth categories PHYSICIAL, PSYCHOLOGICAL, SOCIAL, and ECONOMIC. The aim is to have a positive perspective for each to increase your overall LIFE WEALTH.

I’ve weighted the categories in order of importance (from my perspective).

  • PSYCHOLOGICAL and PHYSICAL HEALTH WEALTH = each is 5/16
  • SOCIAL WEALTH = 4/16
  • ECONOMIC WEALTH = 2/16

You might have a different order than mine, it doesn’t really matter, as long as you consider them all when coming to a judgement of your wealth status.

The initial inspiration for this article was taken from actualwealth.com. Check it out by following the link. We have built on the model presented there, making a number of adjustments, taken from our own experiences and understanding.

For more information about economic wealth.

For more informaiton about psychological wealth

Leave a Reply